Merlin, Inc. Common Stock (NASDAQ:MRLN) Now Covered by Analysts at Maxim Group

Key Points

• Maxim Group initiated coverage of Merlin with a “buy” rating and a $7 price target, implying approximately 240% upside from the prior close.
• Analyst sentiment is mixed but leans positive: five analysts rate the stock “Buy,” one “Hold,” and one “Sell,” producing a consensus “Moderate Buy” rating and an average target of $9.80.
• MRLN opened at $2.06 after a 6.8% decline and remains near its 52-week low; the company also reported a quarterly loss of $1.40 per share, substantially worse than the $0.28 consensus estimate.

Investment analysts at Maxim Group initiated coverage on shares of Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) in a research note issued on Friday, Briefing.com reports. The brokerage set a "buy" rating and a $7.00 price target on the stock. Maxim Group's price target indicates a potential upside of 239.81% from the stock's previous close.

MRLN has been the topic of several other reports. Wall Street Zen cut Merlin, Inc. Common Stock to a "strong sell" rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Merlin, Inc. Common Stock from a "sell (e)" rating to a "sell (d-)" rating in a report on Tuesday, September 1st. Northland Securities started coverage on Merlin, Inc. Common Stock in a research note on Tuesday, July 21st. They issued an "outperform" rating and a $10.00 price objective on the stock. TD Cowen decreased their price objective on Merlin, Inc. Common Stock from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Finally, Cantor Fitzgerald lowered their target price on Merlin, Inc. Common Stock from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $9.80.

Merlin, Inc. Common Stock Stock Down 6.8%

MRLN opened at $2.06 on Friday. The stock has a market capitalization of $208.20 million, a PE ratio of -1.39 and a beta of 1.78. The company's fifty day moving average is $3.55. Merlin, Inc. Common Stock has a fifty-two week low of $2.02 and a fifty-two week high of $17.00.

Merlin, Inc. Common Stock (NASDAQ:MRLN - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($0.28) by ($1.12). The business had revenue of $2.19 million for the quarter. On average, analysts anticipate that Merlin, Inc. Common Stock will post -2.17 earnings per share for the current year.

About Merlin, Inc. Common Stock

Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.

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